Back to search

What is the ruling on the Murabaha financing offered by Abu Dhabi Islamic Bank, whereby the bank purchases shares and sells them to the client for a specified value, or gives the client the shares to sell and take the amount plus the bank's profit over three years? Is this considered a form of deception? And what is the ruling on depositing money in the bank and taking its interest?

1 min readAlso available in العربية

If the shares are permissible and the bank buys them for itself first, and then concludes a murabaha contract with you for them after they have entered its possession and guarantee, then this is a permissible murabaha. If the transaction is completed according to these controls, then there is no objection for you to enter into it with the bank. You should undertake the sale of the shares yourself after completing the contract between you and the bank, in order to avoid the suspicion of the prohibited organized tawarruq, which the resolution of the Islamic Fiqh Academy stipulated as impermissible.

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

Read the full answer on Ftawy